Watch this tightly. Already in oversold zone. Healthy correction for higher targets. TP could be 0.36. Logic? Before profitable Qtr Results, it was already at this level. Now with the profits, should it be still at 0.275? Think.
Forget Nasdaq. The FANG shares dropped because of perceived good earnings and were overbought. This is a good correction for them. Local tech stocks were dropping much earlier. Even this stock is in oversold territory last week and today. Bargains cant be cheaper than now, looking at no change in fundamentals over last 6 months.
Not consolidation stage. The rise is not high enough to institute this. Bad news circulating, bears hovering. Once these are taken care of, the next target will be met. Charts looking good. 32.5 if broken will take it to 0.35.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
bowman
2,597 posts
Posted by bowman > 2017-06-02 09:59 | Report Abuse
Watch this tightly. Already in oversold zone. Healthy correction for higher targets. TP could be 0.36. Logic? Before profitable Qtr Results, it was already at this level. Now with the profits, should it be still at 0.275? Think.